Suburb Profile Report for Runcorn QLD (4113)

Runcorn House: Median price $570,000, Annual capital growth 4.52%, Number of sales 149, Weekly median advertised rent $400

Runcorn Unit: Median price $350,000, Annual capital growth 3.01%, Number of sales 104, Weekly median advertised rent $395

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Runcorn, 4113 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 4.59%.

Across a shorter period, Runcorn, 4113 has seen a median price increase of 1.32% over the last quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.78% offered to property buyers. Sellers in Runcorn itself are offering an average vendor discount of -4.26% to real estate investors.

At number 752 in a list of fastest selling suburbs, Runcorn is in the TOP 20% of suburbs in Australia with an average of days on market 48.09 for properties listed there.

Property investors should expect to get $400 weekly from the median priced house in this suburb.

QLD has seen average median house prices change by 0.30% which means that Runcorn, 4113 has done well for property investors by showing a capital gain of -2.78% over the last year

If we look at median property appreciation over just the last three months, Runcorn has given property investors a paper return of -0.25%. This puts Suburb as 207 on a list of fastest fasting appreciating suburbs in QLD

Property investors looking for a bargain in Runcorn should be aiming for at least -4.56% off the asking price, which is the average vendor discount being achieved at the moment.

At number 943 in a list of fastest selling suburbs, Runcorn is in the bottom 40% of suburbs in Australia with an average of days on market 84.1 for properties listed there.

Runcorn, 4113’s gross rental yield is 5.87%

Metrics i HOUSE UNIT
$570,000 $350,000
1.32% -0.25%
4.59% -2.78%
4.52% 3.01%
$400 $395
149 104
3.65% 5.87%
48.09 84.1

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 14074
Median household income ($/weekly) 1341
Median age of persons 31
Median housing loan repayment ($/monthly) 1733
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1707 12.1
    20-24 years 1549 11.0
    25-34 years 2715 19.3
    35-44 years 2046 14.5
    45-54 years 1773 12.6
    Others 4284 30.4
    Age Group
    Census Count Percent(%)
    Registered Married 5219 48.2
    Not Married 4836 44.6
    Defacto Relationship 777 7.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 6394 47.2
    Croatia 1289 9.5
    Indonesia 667 4.9
    Papua New Guinea 561 4.1
    Other 1544 11.4
    Others 3091 22.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 1066 8.1
    Christianity 7113 54.3
    Islam 738 5.6
    Other Religious Groups 464 3.5
    No Religion 3318 25.3
    Others 393 3.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 388 9.1
    $1,000-$1,249 462 10.8
    $1,250-$1,499 408 9.5
    $1,500-$1,999 649 15.2
    $2,000-$2,499 490 11.4
    Others 1883 44.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4279 39.0
    Not in the labour force 3489 31.8
    Employed, worked part-time 2253 20.5
    Unemployed, looking for work 545 5.0
    Employed, away from work 418 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1591 22.9
    Technicians & trades workers 940 13.5
    Clerical & administrative workers 1112 16.0
    Sales 680 9.8
    Labourers 707 10.2
    Others 1913 27.6
    Occupation
    Census Count Percent(%)
    Infants/Primary 1109 27.6
    Secondary 812 20.2
    Technical or Further Educational Institution 482 12.0
    University or other Tertiary Institutions 1248 31.1
    Other type of educational institution 209 5.2
    Others 151 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10845 79.4
    Semi-detached, row or terrace house, townhouse 2791 20.4
    Flat, unit or apartment 16 0.1
    House or flat attached to a shop, office 5 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1709 37.1
    Rented 1698 36.9
    Fully owned 1188 25.8
    Other tenure type 11 0.2
    Tenure Type
Census 2011, ABS
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Recent sales & rentals